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1.) For each of the following cost functions, find Marginal Cost, Average Cost and Average Variable Cost.

a.   TC = 20,000 + 10 Q

b.   TC = 18,000 + Q + 0.2 Q2

2.) Given the Total Cost Function TC = 100 + 40Q - 15Q2 + 5Q3, calculate the

a.   Average Fixed Cost (AFC)

b.   Average Variable Cost (AVC)

c.   Marginal Cost (MC)